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MIG Interim Results for Period Ended 31 December 2002

27 February 2003

Macquarie Infrastructure Group (MIG) today announced their financial results for the period ended 31 December 2002.

Performance in Brief

Item
31 Dec 02
31 Dec 01
Total change in Equity Other Than Those Resulting From Transactions with Owners as Owners
$710.4m
$273.0m
Total MIG Security Holders’ Interest in Net Assets
$5,925m
$3,768m
Total Assets
$9,526m
$7,650m
Total Liabilities
$3,349m
$3,631m
Net Assets per unit Before Deferred Tax Provision
$3.60
$2.69
Net Assets per unit After Deferred Tax Provision
$3.14
$2.40

Click here to download the full financial report and Appendix 4B (pdf file 241kb).

A distribution of 3.75 cents per stapled security was declared and subsequently paid for the six month period ending 31 December 2002, with a 0.45 cent imputation credit attached.

Assets

The following table shows the increase in the value of MIG’s investments during the period.

The following table shows the increase in the value of MIG’s investments during the period.

Asset
Nature of MIG's Interest
Value at 31 Dec 2002
$m
Value at 30 Jun 2002
$m
407
43%*
2,375.5
2,153.6
Midland Expressway Ltd
75%**
1,336.7
1,185.9
Other Cintra Assets
40.0%
1,018.4
675.8
Eastern Distributor
71.35%
637.6
528.5
M5
50%
418.2
372.1
Lusoponte
24.8%
235.9
139.0
Transurban
10.8%
210.0
219.5
Rostock
70.0%
141.3
106.1
M4
50.6%
96.7
106.7
Yorkshire Link
50%
97.0
92.1
SR125***
81.6%
73.7
na
Hills
8.1%
72.0
66.3
Other Assets
na
19.7
27.2
TOTAL
6,732.8
5,672.8

* based on 40% interest in Cintra which in turn owns 67.1% of 407ETR plus a 16.1% direct interest
** with a call option to move to 100%
*** at cost

Dividend & Distribution Reinvestment Plan

The Distribution Reinvestment Plan was in operation for the period ended 31 December 2002. The plan allows stapled security holders the choice of receiving cash distributions or reinvesting all or part of their distribution in new stapled securities. No discount applied to the plan.

For further information, please contact:

Investor Enquiries
Bianca Francis
Investor Relations Manager
Tel: 61 2 8232 5007
Email: bianca.francis@macquarie.com
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